29th Nov 2013 08:54
LONDON (Alliance News) - Mattioli Woods PLC Friday said revenues were up over 20% in the first half of its financial year, with recurring revenue now making up 75% of the total, up from 64% a year earlier.
In a trading update ahead of the release of its full interim results January 28, the wealth management and employee benefits specialist also said new acquisition Atkinson Bolton is bedding in well and it is continuing to asses other acquisition opportunities.
It had discretionary assets under management of GBP0.5 billion at the end of the period.
Mattioli Wood shares were up 1.3% at 385 pence early Friday.
By Steve McGrath; [email protected]; @SteveMcGrath1
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